1825 Park Ave.

NEW YORK CITY —Carver Federal Savings, the largest African American-run bank in the country is relocating its headquarters but has committed to staying in Harlem. It signed a 10-year lease for 20,000 square feet, occupying the full 12th floor and part of the 7th floor at 1825 Park Ave.

The 12-story structure, the Lee Building, stands at the intersection of Park Avenue and E. 125th St. Eric Yarbro, the founder and CEO of Madison Square Realty, represented Carver and Cushman & Wakefield's Mitch Arkin and JRT Realty's Ellen Israel represented the landlord Savanna.

Yarbro tells GlobeSt.com that the building constructed in 1901 “holds particular significance for Carver as it historically was the only commercial property office building in Manhattan owned by an African American, Eugene Giscombe."

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Betsy Kim

Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.